Odaily Planet Daily News: On June 7th, the US House Financial Services Committee held a "Minority Day" hearing under the push of Democrats to supplement the review of the Clarity Act for the Digital Asset Market. Several Democratic lawmakers once again questioned at the meeting that former President Trump's involvement in the cryptocurrency field may constitute a conflict of interest.
Representative Maxine Waters stated that the bill may be used by Trump for personal gain and pointed out that he has been involved in cryptocurrency investments multiple times during his presidency. At the same time, legal experts have expressed concerns about the regulatory exemptions, potential loopholes, and cybersecurity risks in the bill.
The Republican Party emphasizes that there is currently a lack of federal regulatory framework for non securities digital assets in the United States, and believes that the bill will help fill regulatory gaps. The bill is expected to enter the voting process next week. （CoinDesk）
